WILLAGRI
Trade wars and tariff threats disrupt businesses and increase price volatility. China recently bought a large amount of Brazilian soybeans due to the trade war with the United States, putting U.S. soybean producers in trouble. Trade tensions are redefining global trade, with implications for U.S. and Latin American producers. China is looking to increase domestic production and reduce its dependence on soybeans. China is buying a large amount of Brazilian soybeans due to the trade war with the United States. It is the world’s largest customer of American soybeans. China has reserved 2.4 million tons of Brazilian soybeans in a single week. This represents a third of the amount of soybeans crushed by China in a month. China is looking to increase domestic production and reduce its dependence on soybeans.
Source : Bloomberg